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	<title>ChrisH, Author at My Compliance Centre</title>
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	<title>ChrisH, Author at My Compliance Centre</title>
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		<title>My Compliance Centre launches Pay Assure as FCA oversight intensifies</title>
		<link>https://mycompliancecentre.com/my-compliance-centre-launches-pay-assure-as-fca-oversight-intensifies/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=my-compliance-centre-launches-pay-assure-as-fca-oversight-intensifies</link>
		
		<dc:creator><![CDATA[ChrisH]]></dc:creator>
		<pubDate>Thu, 13 Nov 2025 15:12:23 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://mycompliancecentre.com/?p=6372</guid>

					<description><![CDATA[<p>Press Release November 13, 2025. My Compliance Centre today announced the launch of Pay Assure, a purpose-built compliance management system created in direct response to the FCA’s heightened supervision of payments and e-money firms. The regulator has recently reinforced expectations around safeguarding, governance and operational resilience, signalling that smaller firms must now meet the same [&#8230;]</p>
<p>The post <a href="https://mycompliancecentre.com/my-compliance-centre-launches-pay-assure-as-fca-oversight-intensifies/">My Compliance Centre launches Pay Assure as FCA oversight intensifies</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Press Release</p>



<p class="wp-block-paragraph"><strong>November 13, 2025.</strong> My Compliance Centre today announced the launch of Pay Assure, a purpose-built compliance management system created in direct response to the FCA’s heightened supervision of payments and e-money firms.</p>



<p class="wp-block-paragraph">The regulator has recently reinforced expectations around safeguarding, governance and operational resilience, signalling that smaller firms must now meet the same standards as major banks. Pay Assure gives firms the structure, automation and evidence to stay in control.</p>



<p class="wp-block-paragraph">The UK’s payments and e-money sector comprises more than 1,000 FCA-regulated firms serving millions of consumers and businesses. Many are now re-evaluating manual processes that can no longer keep pace with supervisory demands.</p>



<p class="wp-block-paragraph">Developed with payments regulation expert John Burns, a member of My Compliance Centre’s Advisory Board, Pay Assure combines proven compliance technology with decades of frontline experience in governance and operational oversight. It delivers the capacity for firms to record and evidence their compliance with the core functions required under the FCA’s supervision of payments firms. This includes daily safeguarding reconciliations and capital adequacy reporting, as well as incident management, safeguarding resolution packs and operational resilience registers, all in an automated and structured manner. These capabilities give senior management a continuous line of sight across compliance activity, board approvals and audit trails.</p>



<p class="wp-block-paragraph">John Burns commented: “The regulatory bar for payments firms has risen sharply. The FCA now expects every firm, regardless of size, to demonstrate strong governance and safeguarding. Pay Assure has been designed precisely around those expectations, automating the key processes that underpin compliance and confidence.”</p>



<p class="wp-block-paragraph">Ben Mason, CEO of My Compliance Centre, said: “We built Pay Assure to give firms clarity and confidence in a changing regulatory landscape. For too long, payments firms have relied on spreadsheets and manual follow-ups to manage critical compliance processes. This system brings everything into one place, providing the structure and evidence firms need to stay ahead of the regulator’s expectations.”</p>



<p class="wp-block-paragraph">Available in three pre-configured options, Pay Assure enables firms to select the level of capability that best matches their size and maturity. Each package is built to simplify oversight, reduce manual effort and ensure the evidence required by regulators, auditors and banks is always at hand.</p>



<p class="wp-block-paragraph">Ben Mason added: “At My Compliance Centre, we believe compliance should empower firms, not burden them. Pay Assure embodies that belief by turning oversight into confidence and control.”</p>



<p class="has-text-align-center wp-block-paragraph"><strong>&#8211; ENDS &#8211;</strong></p>
<p>The post <a href="https://mycompliancecentre.com/my-compliance-centre-launches-pay-assure-as-fca-oversight-intensifies/">My Compliance Centre launches Pay Assure as FCA oversight intensifies</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">6372</post-id>	</item>
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		<title>An expert advisor’s view: thoughts on compliance in asset management</title>
		<link>https://mycompliancecentre.com/an-expert-advisors-view-thoughts-on-compliance-in-asset-management/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=an-expert-advisors-view-thoughts-on-compliance-in-asset-management</link>
		
		<dc:creator><![CDATA[ChrisH]]></dc:creator>
		<pubDate>Thu, 30 Oct 2025 17:25:53 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://mycompliancecentre.com/?p=6337</guid>

					<description><![CDATA[<p>Hot on the heels of appointing renowned regulation expert John Burns, My Compliance Centre is pleased to welcome another financial services heavyweight to its advisory board. With immense experience in asset management compliance, Chude Chidi-Ofong, co-founder of Montague Square Advisors, will play a pivotal role in enhancing the My Compliance Centre platform’s capabilities. Chude&#8217;s journey, [&#8230;]</p>
<p>The post <a href="https://mycompliancecentre.com/an-expert-advisors-view-thoughts-on-compliance-in-asset-management/">An expert advisor’s view: thoughts on compliance in asset management</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Hot on the heels of appointing renowned regulation expert <a href="https://mycompliancecentre.com/the-end-of-light-touch-a-compliance-wake-up-call-for-payment-services-firms/">John Burns</a>, My Compliance Centre is pleased to welcome another financial services heavyweight to its advisory board.</p>



<p class="wp-block-paragraph">With immense experience in asset management compliance, Chude Chidi-Ofong, co-founder of Montague Square Advisors, will play a pivotal role in enhancing the My Compliance Centre platform’s capabilities.</p>



<p class="wp-block-paragraph">Chude&#8217;s journey, starting as a lawyer before moving into operational roles in investment banking and subsequently managing operations at a major hedge fund, gives him a unique perspective on the critical role compliance now plays when it comes to future proofing a business and driving down overheads.</p>



<p class="wp-block-paragraph">We recently sat down with Chude to discuss the ever-changing landscape. Here are some of his key insights for asset management firms attempting to stay abreast of today&#8217;s complex environment.</p>



<p class="wp-block-paragraph"><strong>Compliance: from back office function to pivotal company role</strong></p>



<p class="wp-block-paragraph">Since entering financial services, Chude says he has witnessed a significant increase in the gravitas that compliance now holds within asset management businesses.</p>



<p class="wp-block-paragraph">“It’s gone from being a back office function to front and centre of everything we do,” he explains, adding: “I recall being on the periphery of a conversation with a trader early in my career and a compliance colleague wanted a word. The colleague was shrugged off with a ‘not now, I’m too busy’. I don’t think that kind of interaction would or could happen today.”</p>



<p class="wp-block-paragraph">&#8220;Compliance is now a much more respected function within organisations,&#8221; he notes. This, Chude says, is partly due to an explosion of new regulations that have been introduced since the financial crisis of 2008, and the fear of the repercussions in the vent of breaches.</p>



<p class="wp-block-paragraph">“Firms now recognise that a robust compliance framework is fundamental to sustainable business,” he says.</p>



<p class="wp-block-paragraph">But this means compliance practitioners have had to evolve too. They&#8217;ve moved beyond being mere technicians to strategic advisors, playing an integral role in navigating the complex operational and regulatory challenges companies face. “The ability to delegate compliance tasks is now essential to effectiveness,” he summarises.</p>



<p class="wp-block-paragraph"><strong>Investor demands: the push for granular transparency</strong></p>



<p class="wp-block-paragraph">The shift in compliance’s status observed by Chude goes beyond internal processes. Investors, particularly institutional investors in markets like the US, are demanding unprecedented levels of transparency regarding a firm&#8217;s compliance history.</p>



<p class="wp-block-paragraph">&#8220;Investors want to see granular detail about how a business has fared,&#8221; Chude explains. &#8220;They want to know about any issues &#8211; for example, have there been fines, letters of non-compliance, non-standard interactions with the regulator? They expect this information to be readily available.&#8221; This level of scrutiny, Chude argues, makes having easily accessible, well-organised compliance records absolutely crucial not only to satisfy one’s regulatory obligations but also for attracting and retaining capital.</p>



<p class="wp-block-paragraph"><strong>Gaining the edge on efficiency: the difference modern tools can make</strong></p>



<p class="wp-block-paragraph">Meeting internal and external demands, whether from regulators or investors, requires accurate, efficient and institutional-grade systems. On this, Chude shared a compelling example from his own experience &#8211; highlighting the difference technology can make.</p>



<p class="wp-block-paragraph">Tasked with producing a comprehensive report for regulators within a tight three-week deadline, the process would typically involve manually sifting through disparate records from across an organisation.</p>



<p class="wp-block-paragraph">However, using robust regulatory technology, Chude was able to create the report in just three hours. &#8220;The final document was ready for sending in under 48 hours, after completing several rounds of checks. But it shows the incredible difference a purpose-built system can make,&#8221; he recalls.&nbsp; “Without a solution like My Compliance Centre, my ability to respond rapidly and accurately to such requests is severely diminished,” he added.</p>



<p class="wp-block-paragraph">This isn&#8217;t just about saving time; it&#8217;s about having the confidence that your data is accurate, complete and instantly accessible when regulators or investors come knocking. Platforms like My Compliance Centre provide the infrastructure to manage compliance proactively and demonstrate robustness effectively.</p>



<p class="wp-block-paragraph">One final point Chude made on modern platforms is their relative ease of implementation. “Nowadays, because there are so many vendors on the market, businesses have become used to adopting this technology while suppliers have optimised interoperability. Onboarding simply isn’t the pain it used to be,” he said.</p>



<p class="wp-block-paragraph"><strong>Future proofing asset management: a meaningful partnership with Chude</strong></p>



<p class="wp-block-paragraph">Chude Chidi-Ofong&#8217;s deep understanding of the operational realities and compliance pressures facing asset managers makes him an invaluable addition to our advisory board. His insights will be crucial as we continue to develop My Compliance Centre into the essential platform for firms grappling with the complexities of modern financial regulation. To learn more about how My Compliance Centre is making a difference to asset management companies, talk to us today. </p>
<p>The post <a href="https://mycompliancecentre.com/an-expert-advisors-view-thoughts-on-compliance-in-asset-management/">An expert advisor’s view: thoughts on compliance in asset management</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">6337</post-id>	</item>
		<item>
		<title>The end of light touch: a compliance wake-up call for payment services firms</title>
		<link>https://mycompliancecentre.com/the-end-of-light-touch-a-compliance-wake-up-call-for-payment-services-firms/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=the-end-of-light-touch-a-compliance-wake-up-call-for-payment-services-firms</link>
		
		<dc:creator><![CDATA[ChrisH]]></dc:creator>
		<pubDate>Mon, 20 Oct 2025 16:42:45 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://mycompliancecentre.com/?p=6314</guid>

					<description><![CDATA[<p>Compliance technology is nothing if it’s not underpinned by genuine expertise. And it is with that sentiment in mind that My Compliance Centre recently appointed payments regulation veteran John Burns to its advisory board, expanding our team of specialists guiding our development plans. For those who don’t know John, he’s been in the sector for [&#8230;]</p>
<p>The post <a href="https://mycompliancecentre.com/the-end-of-light-touch-a-compliance-wake-up-call-for-payment-services-firms/">The end of light touch: a compliance wake-up call for payment services firms</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Compliance technology is nothing if it’s not underpinned by genuine expertise. And it is with that sentiment in mind that My Compliance Centre recently appointed payments regulation veteran John Burns to its advisory board, expanding our team of specialists guiding our development plans.</p>



<p class="wp-block-paragraph">For those who don’t know John, he’s been in the sector for 40 years, playing a key role with the Financial Conduct Authority’s predecessor the FSA, where he worked with HM Treasury on drafting the Payment Services Regulations and Electronic Money Regulations as well as drafting the FSA’s guidance for payments providers. As part of his onboarding, we sat down with him over a coffee to seek his insights on the trends that are shaping the industry today.</p>



<p class="wp-block-paragraph">One of John’s most fascinating perspectives centres on the shift in the regulator’s stance on payments. Previously seen as a low-risk area by the regulator, many firms, especially smaller payment and e-money institutions, were able to thrive without the intense compliance burdens faced by major banks.</p>



<p class="wp-block-paragraph">However, according to John, there has been “a 180-degree change in attitude from the FCA”. “What was once a low-risk area is now considered high-risk, particularly for financial crime,” he said, adding: “The FCA has gone from having two part-time supervisors for the entire sector to a team of over 60. They are actively closing firms down, and the message is clear: the rules of the game have changed.”</p>



<p class="wp-block-paragraph">But what else do payment services businesses need to be mindful of? We’ve distilled five key critical compliance areas that John believes every payment services firm needs to address right now.</p>



<p class="wp-block-paragraph"><strong>1. Safeguarding: are your customers’ funds fully protected?</strong></p>



<p class="wp-block-paragraph">This is the FCA&#8217;s primary concern. If your firm becomes insolvent, customer funds must be safe and returnable. However, many firms are failing to correctly segregate and reconcile these funds daily, and if it’s not done correctly the risk is that customers will lose their money.</p>



<p class="wp-block-paragraph">It’s not enough to simply do it; you must be able to prove it. &#8220;As far as the FCA is concerned, if it&#8217;s not written down, it didn&#8217;t happen,&#8221; warns John. Firms need a clear, auditable trail showing that safeguarding processes are robust, reviewed and effective every single day.</p>



<p class="wp-block-paragraph"><strong>2. Governance: is your board really engaged?</strong></p>



<p class="wp-block-paragraph">In many smaller firms, risk and compliance are discussed but not formally documented. The FCA now demands evidence that the board and senior management are actively monitoring risk, with minutes, reports and clear action plans.</p>



<p class="wp-block-paragraph">This includes having a credible and tested wind-down plan. The expectation is that governance is not an annual tick-box exercise, but an ongoing process.</p>



<p class="wp-block-paragraph"><strong>3. Operational resilience: what happens when the plumbing breaks?</strong></p>



<p class="wp-block-paragraph">“Payments is like the plumbing of financial services,” says John. “No one thinks about it until it goes wrong, but when it does, you notice really quickly.”</p>



<p class="wp-block-paragraph">The FCA requires every payment services firm to identify its critical functions, set a time-based threshold for what constitutes &#8220;intolerable harm&#8221; to customers during an outage, and conduct testing (the FCA specifies in the Handbook a number of areas which must be tested) at least once a year. If your systems go down, the first thing the regulator will ask for is the records of your testing and the lessons learned.&nbsp; The rules require firms to hold at least six years of testing records. Without them, you are in serious trouble.</p>



<p class="wp-block-paragraph"><strong>4. APP fraud: how risk is split 50/50</strong></p>



<p class="wp-block-paragraph">The Payment Systems Regulator&#8217;s new rules on Authorised Push Payment (APP) fraud are a potential financial minefield. In most fraud cases, the sending and receiving firms must fully reimburse the victim and split the cost 50/50.</p>



<p class="wp-block-paragraph">For firms, particularly those at the receiving end of fraudulent payments, this creates a huge potential liability. Demonstrating robust due diligence and controls for account opening is now essential to mitigate potentially significant losses.</p>



<p class="wp-block-paragraph"><strong>5. Consumer Duty: are you showing fair value?</strong></p>



<p class="wp-block-paragraph">Consumer Duty is another area of intense focus, especially concerning foreign exchange (FX) rates. The FCA is looking closely at firms that advertise &#8220;fee-free&#8221; transfers while making significant margins on the exchange rate.</p>



<p class="wp-block-paragraph">You must be able to evidence your fair value assessments and prove that your marketing is transparent and not misleading customers about the true cost of the service.</p>



<p class="wp-block-paragraph"><strong>Absence of evidence is a dangerous thing in payments compliance</strong></p>



<p class="wp-block-paragraph">The central message from our conversation with John Burns is clear. The FCA is undeniably moving payment firms into the same compliance sphere as other regulated financial institutions. Doing the right thing is all well and good. But if you cannot prove it, then you’re running an existential risk.</p>



<p class="wp-block-paragraph">And this scrutiny isn&#8217;t just coming from the regulator. Banks providing safeguarding accounts are also demanding higher standards of evidence before they will partner with payment firms. Taken together, that means a demonstrable, evidence-based compliance framework is vital to both meeting compliance obligations and achieving commercial success.</p>



<p class="wp-block-paragraph">With thanks to John for these important insights. If you would like to learn more about how My Compliance Centre can help your payments firm to mitigate risk, talk to us today.</p>
<p>The post <a href="https://mycompliancecentre.com/the-end-of-light-touch-a-compliance-wake-up-call-for-payment-services-firms/">The end of light touch: a compliance wake-up call for payment services firms</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">6314</post-id>	</item>
		<item>
		<title>From gatekeeper to strategist: how compliance professionals can add value in a volatile world</title>
		<link>https://mycompliancecentre.com/from-gatekeeper-to-strategist-how-compliance-professionals-can-add-value-in-a-volatile-world/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=from-gatekeeper-to-strategist-how-compliance-professionals-can-add-value-in-a-volatile-world</link>
		
		<dc:creator><![CDATA[ChrisH]]></dc:creator>
		<pubDate>Sun, 28 Sep 2025 10:15:39 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://mycompliancecentre.com/?p=6299</guid>

					<description><![CDATA[<p>The belief that a more globalised economy supports lasting geopolitical stability has been “severely shaken”, an External Member of the Bank of England’s Financial Policy Committee warned in a speech earlier this year. Addressing an audience at Canary Wharf’s Fitch Ratings, Carolyn Wilkins went on to describe how a UK central bank survey found that [&#8230;]</p>
<p>The post <a href="https://mycompliancecentre.com/from-gatekeeper-to-strategist-how-compliance-professionals-can-add-value-in-a-volatile-world/">From gatekeeper to strategist: how compliance professionals can add value in a volatile world</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">The belief that a more globalised economy supports lasting geopolitical stability has been “severely shaken”, an External Member of the Bank of England’s Financial Policy Committee warned in a speech earlier this year.</p>



<p class="wp-block-paragraph">Addressing an audience at Canary Wharf’s Fitch Ratings, Carolyn Wilkins went on to describe how a UK central bank survey found that geopolitical volatility and cyber-attacks were the most common risks facing financial institutions.</p>



<p class="wp-block-paragraph">In response to this reality, Ms Wilkins said businesses should focus on preparedness &#8211; from “war-gaming system-wide cyber events” to ensuring recovery and resolution plans are robust in a deteriorating geopolitical landscape, so as not to repeat the errors that led to the Global Financial Crisis.</p>



<p class="wp-block-paragraph">One corporate function particularly affected by all this turbulence is the compliance team. In fact so much so that many firms are in the process of re-evaluating the role of governance, risk and compliance (GRC).</p>



<p class="wp-block-paragraph">A key question being asked is: does this business function exist merely to ensure compliance, or should it perform a more strategic service in the context of unpredictable global tensions, the rise of artificial intelligence and fragmenting regulations?</p>



<p class="wp-block-paragraph">The answers lie firmly in a report by the International Compliance Association (ICA): <em>Navigating the Future: The Evolving Role of the Compliance Professional</em>. This insights-rich document argues that compliance leaders are no longer confined to a reactive, box-ticking function but are increasingly being called into the C-suite to provide strategic counsel.</p>



<p class="wp-block-paragraph">But what skills and tools do teams need to step into this pivotal new position?</p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>Traversing the new landscape of risk</strong></p>



<p class="wp-block-paragraph">With the world becoming a more complex place to do business, it’s perhaps unsurprising that professionals surveyed by the ICA said ‘engagement in strategic planning’ was the most important measure for futureproofing the GRC function. Alongside this, relationship management was deemed the most important skill for compliance professionals to possess.</p>



<p class="wp-block-paragraph">Practitioners must also now be experts in financial crime, data privacy, ethical AI implementation and digital security &#8211; as well as being expected to anticipate what’s coming over the hill and provide proactive advice rather than reactive fixes.</p>



<p class="wp-block-paragraph">This demands a change in approach. If compliance professionals are to guide their organisations effectively, they require two fundamental things.</p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>One: access to timely data and insights</strong></p>



<p class="wp-block-paragraph">To be a strategic advisor, GRC leaders must learn an important skill: storytelling. Those who can craft a compelling narrative for decision-makers stand a better chance of not only being heard, but also understood. However, this is only possible if professionals have access to accurate, real-time intelligence on regulatory changes, geopolitical events and specific risk indicators.</p>



<p class="wp-block-paragraph">This ability to identify and assess future risks and regulations is at the core of compliance’s new business-critical role: translating complex data into a clear story for the business.</p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>Two: freedom from manual tasks</strong></p>



<p class="wp-block-paragraph">Compliance teams are often buried in time-consuming, repetitive work like manual monitoring, due diligence checks and report compilation. It’s an administrative burden that not only consumes precious time which could be spent on high-value strategic activities, but also significantly eats into budgets.</p>



<p class="wp-block-paragraph">The ICA’s research shows that the industry recognises this challenge, with 47 percent of firms planning to increase their investment in tools to automate processes. This will free up skilled professionals to focus on analysis, strategy and advising leadership &#8211; the very activities that define their new role.</p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>Empowering the strategic compliance officer</strong></p>



<p class="wp-block-paragraph">But in order to perform this new strategic function, compliance teams need technology that transforms their capabilities from the ground up.</p>



<p class="wp-block-paragraph">My Compliance Centre is designed to meet the demands of the modern era. Our platform empowers compliance teams to transition from a manual, reactive posture to an automated, proactive one. Here are two ways we do this:</p>



<ul class="wp-block-list">
<li>Powering strategic storytelling: We provide the tools for effective horizon scanning and risk management, delivering the timely and accurate data needed to provide forward-looking advice to leadership.</li>



<li>Creating time for strategy: Our platform automates a wide range of time-consuming tasks, from due diligence and client onboarding to staff training and policy management.</li>
</ul>



<p class="wp-block-paragraph">By freeing your team from administrative burdens and equipping them with powerful insights, My Compliance Centre allows compliance teams to rise to the myriad challenges thrown at businesses by a volatile world. And in doing so, they can become expert strategists capable of playing a key role in protecting the business today and long into the future.</p>



<p class="wp-block-paragraph"><strong>Sources:</strong></p>



<p class="wp-block-paragraph"><a href="https://www.bankofengland.co.uk/speech/2025/january/carolyn-wilkins-fireside-chat-at-fitch-ratings-geopolitics-and-financial-stability#:~:text=lasting%20geopolitical%20stability.-,footnote,warfare%20or%20actual%20physical%20warfare.">Geopolitics and financial stability: a plan beats no plan − speech by Carolyn Wilkins</a></p>



<p class="wp-block-paragraph"><a href="https://indd.adobe.com/view/publication/4c67ff80-cd73-4ce3-9adc-c63f6955ff1b/nkaf/publication-web-resources/pdf/ICA_M_BRO_REP_19176_V0.05.pdf">Navigating the Future: The Evolving Role of the Compliance Professional</a></p>
<p>The post <a href="https://mycompliancecentre.com/from-gatekeeper-to-strategist-how-compliance-professionals-can-add-value-in-a-volatile-world/">From gatekeeper to strategist: how compliance professionals can add value in a volatile world</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">6299</post-id>	</item>
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		<title>Manual handling: why outdated processes hamper compliance in FS and Fintech</title>
		<link>https://mycompliancecentre.com/manual-handling-why-outdated-processes-hamper-compliance-in-fs-and-fintech/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=manual-handling-why-outdated-processes-hamper-compliance-in-fs-and-fintech</link>
		
		<dc:creator><![CDATA[ChrisH]]></dc:creator>
		<pubDate>Wed, 03 Sep 2025 13:35:11 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://mycompliancecentre.com/?p=6293</guid>

					<description><![CDATA[<p>Despite the march of tech-driven automation and increasing regulation, the financial services sector in the UK continues to rely heavily on manual processes when it comes to managing risk. This is problematic for various reasons. For instance, manual compliance processes based on technologies like spreadsheets and text documents elevate the chance of inputting errors, cause [&#8230;]</p>
<p>The post <a href="https://mycompliancecentre.com/manual-handling-why-outdated-processes-hamper-compliance-in-fs-and-fintech/">Manual handling: why outdated processes hamper compliance in FS and Fintech</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Despite the march of tech-driven automation and increasing regulation, the financial services sector in the UK continues to rely heavily on manual processes when it comes to managing risk.</p>



<p class="wp-block-paragraph">This is problematic for various reasons. For instance, manual compliance processes based on technologies like spreadsheets and text documents elevate the chance of inputting errors, cause version control challenges and often involve task duplication.</p>



<p class="wp-block-paragraph">Yet these legacy approaches remain the reality for many financial institutions, according to new data from My Compliance Centre gleaned in a survey of regulated financial businesses.</p>



<p class="wp-block-paragraph">The <a href="https://mycompliancecentre.com/wp-content/uploads/2025/09/Survey-Report-Final.pdf" target="_blank" rel="noreferrer noopener">Fintech Compliance Management Survey</a> offers a benchmark on how firms are managing compliance and reveals where technology is being used, creating opportunities to change operations for the better.</p>



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<p class="wp-block-paragraph"><strong>Findings explained: download the survey <a href="https://mycompliancecentre.com/wp-content/uploads/2025/09/Survey-Report-Final.pdf" target="_blank" rel="noreferrer noopener">here</a></strong></p>



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<p class="wp-block-paragraph">The survey&#8217;s headline finding, supported by 66 percent of respondents, showed that manual processes are by far the greatest challenge facing compliance teams.</p>



<p class="wp-block-paragraph">Keeping up with the relentless pace of regulatory change wasn&#8217;t far behind, with this being the top challenge for 47 percent of firms.</p>



<p class="wp-block-paragraph">Furthermore, 42 percent said they were grappling with limited resources, while an equal percentage claimed to be struggling to balance compliance demands with broader business objectives.</p>



<p class="wp-block-paragraph">These findings suggest that compliance, despite its critical importance, is often under-resourced and hindered by outdated technologies.</p>



<p class="wp-block-paragraph">Diving deeper into the operational landscape, the survey revealed that just 28 percent of compliance processes were automated, leaving a massive 70 percent still managed manually on applications such as Excel.</p>



<p class="wp-block-paragraph">Curiously, despite this heavy dependence on spreadsheets, only four percent of respondents believed their compliance function contained advanced Excel skills, pointing to a disconnect between current tools and true proficiency.</p>



<p class="wp-block-paragraph">While automation is nascent across the board, certain areas show more progress. Processes related to financial crime, such as sanctions and transaction monitoring (86 percent automated), KYC and customer risk assessment (72 percent) and fraud (64 percent), are the most technologically advanced.</p>



<p class="wp-block-paragraph">Compliance training also shows a respectable 59 percent automation. However, beyond critical financial crime areas, compliance management largely remains a manual endeavour for most firms.</p>



<p class="wp-block-paragraph">Notably, Consumer Duty stands out as the only compliance process where zero firms have introduced automation, a reflection of its complex, cross-business nature.</p>



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<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>Barriers to change: why are firms clinging on to manual processes?</strong></p>



<p class="wp-block-paragraph">Our interactive webinar polls during the survey provided further insights into the barriers to adopting more compliance technology. Overwhelmingly, 92 percent of firms identified &#8220;budget&#8221; as the primary obstacle.</p>



<p class="wp-block-paragraph">However, only eight percent felt they &#8220;couldn&#8217;t convince the Board&#8221;, suggesting a potential perception that budget is a distinct issue from executive buy-in, despite boards ultimately allocating funds.</p>



<p class="wp-block-paragraph">Other significant hurdles preventing technology implementation include &#8220;time&#8221; (30-40 percent), &#8220;implementation risk&#8221; (30-40 percent), &#8220;not convinced of the benefits&#8221; (30-40 percent) and &#8220;awareness of solutions&#8221; (30-40 percent).</p>



<p class="wp-block-paragraph">This indicates that firms need not only the funds but also the time, confidence and knowledge of available solutions to make the leap to an automated approach to compliance.</p>



<p class="wp-block-paragraph">The survey also highlighted that 82 percent of respondents routinely spend time on important but inefficient work due to the tools they use &#8211; underscoring a compelling case for implementing better technology to drive automation.</p>



<p class="wp-block-paragraph">Only a select few leading firms have truly automated the majority of their compliance processes. And that means there’s a significant opportunity for others to catch up and gain a competitive edge.</p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>Aligning with the FCA: how modern technology can meet regulator objectives</strong></p>



<p class="wp-block-paragraph">The impetus for automating compliance was given a boost earlier this year by the Financial Conduct Authority (FCA), which made its regulatory priorities clear in its &#8220;Dear CEO letter&#8221; to payment services firms in February this year.</p>



<p class="wp-block-paragraph">The document emphasises the need for firms&#8217; &#8220;governance arrangements and systems and controls, including reporting mechanisms,&#8221; to be &#8220;effective and proportionate to the nature, scale and complexity of your business and the risks to which it is exposed&#8221;.</p>



<p class="wp-block-paragraph">There’s an undeniable connection between the challenges highlighted in the Fintech Compliance Management Survey research and the FCA’s expectations set out in the Dear CEO letter.</p>



<p class="wp-block-paragraph">The point is further reinforced in leading studies by PwC, Deloitte and GRC 20/20, which consistently argue that strategic investment in compliance technology accelerates decision-making, enhances risk management capabilities and delivers tangible strategic value well beyond mere regulatory box-ticking.<br><br>Read the full report <a href="https://mycompliancecentre.com/wp-content/uploads/2025/09/Survey-Report-Final.pdf" target="_blank" rel="noreferrer noopener">here</a></p>



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<p>The post <a href="https://mycompliancecentre.com/manual-handling-why-outdated-processes-hamper-compliance-in-fs-and-fintech/">Manual handling: why outdated processes hamper compliance in FS and Fintech</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">6293</post-id>	</item>
		<item>
		<title>Be the change with My Compliance Centre&#8217;s latest product updates</title>
		<link>https://mycompliancecentre.com/be-the-change-with-my-compliance-centres-latest-product-updates/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=be-the-change-with-my-compliance-centres-latest-product-updates</link>
		
		<dc:creator><![CDATA[ChrisH]]></dc:creator>
		<pubDate>Tue, 22 Jul 2025 10:32:49 +0000</pubDate>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Compliance Monitoring]]></category>
		<category><![CDATA[Compliance Operations]]></category>
		<category><![CDATA[Gifts & Hospitality]]></category>
		<category><![CDATA[Horizon Scanning]]></category>
		<category><![CDATA[Register Vault]]></category>
		<category><![CDATA[Regulatory Change]]></category>
		<guid isPermaLink="false">https://mycompliancecentre.com/?p=6286</guid>

					<description><![CDATA[<p>Businesses that stand still don’t fare well in this era of relentless modernisation. That’s the lesson of brands like Blockbuster and Blackberry. And it’s one we heed at My Compliance Centre. Our platform is continually evolving to ensure our clients stay one-step ahead of regulatory change. Some great examples of that come in the form [&#8230;]</p>
<p>The post <a href="https://mycompliancecentre.com/be-the-change-with-my-compliance-centres-latest-product-updates/">Be the change with My Compliance Centre&#8217;s latest product updates</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Businesses that stand still don’t fare well in this era of relentless modernisation. That’s the lesson of brands like Blockbuster and Blackberry. And it’s one we heed at My Compliance Centre. Our platform is continually evolving to ensure our clients stay one-step ahead of regulatory change. Some great examples of that come in the form of recent enhancements to some of our most popular modules: Regulatory Change Management, Compliance Monitoring and Register Vault. Take a look below.</p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>Proactive regulatory change management: stay ahead of the curve</strong></p>



<p class="wp-block-paragraph">Keeping pace with ever-shifting regulatory landscapes is a formidable challenge, but it’s a challenge our re-launched Regulatory Change Management (RCM) module is built to help you overcome.</p>



<p class="wp-block-paragraph"><strong>What&#8217;s new:</strong> Thanks to significant investment and development, RCM now features cutting-edge automated data feeds, which intelligently remove the pain of manually tracking every regulatory update. All essential updates arrive directly in your system, empowering you to process what’s relevant and meticulously record your corresponding actions in a timely way. What&#8217;s more, we&#8217;re integrating advanced AI into RCM to provide accurate and fast summaries of dense consultation papers and help you pinpoint which updates matter to you.</p>



<p class="wp-block-paragraph"><strong>How it benefits you:</strong> This module doesn’t just help you react; it enables you to prove you&#8217;re actively managing future regulatory risks. This could include developing a decisive action plan for any changes and demonstrating full control to stakeholders like the FCA or your head office. Think of it as your must-have early warning system.</p>



<p class="wp-block-paragraph">Read more <a href="https://mycompliancecentre.com/proactive-regulatory-change-management-your-essential-early-warning-system-for-compliance-updates/">here</a></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>Smarter compliance monitoring: take control of your risks</strong></p>



<p class="wp-block-paragraph">At the heart of effective compliance frameworks lies robust monitoring, and our enhanced Compliance Monitoring module delivers just that. With this updated module, it’s easy to build and deploy a strategic risk-based compliance monitoring programme.</p>



<p class="wp-block-paragraph"><strong>What&#8217;s new:</strong> As a result of customer feedback and industry analysis, the interface is now more intuitive than ever. It offers superior reporting capabilities that make it easy to spot overdue actions, pinpoint specific problem areas and gain a crystal-clear overview of all your critical tasks and controls at a glance.</p>



<p class="wp-block-paragraph"><strong>How it benefits you:</strong> This isn&#8217;t just an update; it&#8217;s a strategic advantage. It fully empowers your Head of Compliance to actively and effectively manage current regulatory risks, whilst simultaneously providing Chief Risk Officers, Non-Executive Directors and even the Board with clear, real-time insights into your risk posture.</p>



<p class="wp-block-paragraph">More information is available <a href="https://mycompliancecentre.com/smarter-compliance-monitoring-the-integrated-way-to-truly-control-regulatory-risk/">here</a></p>



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<p class="wp-block-paragraph"><strong>Master your records: take control with Register Vault</strong></p>



<p class="wp-block-paragraph">Register Vault is a powerful module that empowers you to seamlessly build and centralise all your critical registers.</p>



<p class="wp-block-paragraph"><strong>What&#8217;s new:</strong> The user interface for Register Templates allows you to set granular access levels directly when creating a register from a vastly expanded library of over 60 meticulously crafted templates. This is in addition to the ability to build your own bespoke registers from scratch.</p>



<p class="wp-block-paragraph"><strong>How it benefits you:</strong> Meet complex obligations like Consumer Duty with confidence, effortlessly create specialised registers for Product Governance and Target Markets, and meticulously generate detailed audit trails essential for multi-level approvals and robust operational resilience incidents.</p>



<p class="wp-block-paragraph">If you want to know more, click <a href="https://mycompliancecentre.com/your-ultimate-record-repository-register-vault-is-now-more-powerful-than-ever/">here</a></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>The Power of integration: your all-in-one compliance hub</strong></p>



<p class="wp-block-paragraph">While each of these powerful modules offers significant value in its own right, their true power is realised when they are used as part of My Compliance Centre&#8217;s fully integrated system, which is continually evolving to keep pace with regulatory change.</p>



<p class="wp-block-paragraph"></p>



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<p class="wp-block-paragraph"><strong>It’s time to explore the enhancements</strong></p>



<p class="wp-block-paragraph">As a valued customer, we encourage you to delve deeper into these enhanced modules. They’re just one way we are leading modernisation &#8211; is it time for you to join this journey?</p>



<p class="wp-block-paragraph">Please contact Jenny Kenlin, Head of Customer Engagement, for more information:</p>



<p class="wp-block-paragraph">T: +44 (0)20 4583 2049</p>



<p class="wp-block-paragraph">E: jenny.kenlin@mycompliancecentre.com</p>
<p>The post <a href="https://mycompliancecentre.com/be-the-change-with-my-compliance-centres-latest-product-updates/">Be the change with My Compliance Centre&#8217;s latest product updates</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
]]></content:encoded>
					
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">6286</post-id>	</item>
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		<title>Your ultimate record repository: Register Vault is now more powerful than ever</title>
		<link>https://mycompliancecentre.com/your-ultimate-record-repository-register-vault-is-now-more-powerful-than-ever/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=your-ultimate-record-repository-register-vault-is-now-more-powerful-than-ever</link>
		
		<dc:creator><![CDATA[ChrisH]]></dc:creator>
		<pubDate>Tue, 22 Jul 2025 08:47:46 +0000</pubDate>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[Compliance Monitoring]]></category>
		<category><![CDATA[Compliance Operations]]></category>
		<category><![CDATA[financial promotions]]></category>
		<category><![CDATA[Gifts & Hospitality]]></category>
		<category><![CDATA[product governance]]></category>
		<category><![CDATA[Register Vault]]></category>
		<guid isPermaLink="false">https://mycompliancecentre.com/?p=6285</guid>

					<description><![CDATA[<p>Accurate and accessible record management is the basis of effective financial product governance. Yet many organisations remain reliant on disparate spreadsheets, siloed information and poor-quality data. This can lead to significant inefficiencies and hinder vital oversight. Thankfully, our enhanced Register Vault module eliminates such challenges &#8211; empowering businesses to build and centralise critical registers in [&#8230;]</p>
<p>The post <a href="https://mycompliancecentre.com/your-ultimate-record-repository-register-vault-is-now-more-powerful-than-ever/">Your ultimate record repository: Register Vault is now more powerful than ever</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Accurate and accessible record management is the basis of effective financial product governance. Yet many organisations remain reliant on disparate spreadsheets, siloed information and poor-quality data. This can lead to significant inefficiencies and hinder vital oversight. Thankfully, our enhanced Register Vault module eliminates such challenges &#8211; empowering businesses to build and centralise critical registers in an intelligent and efficient manner.</p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>What&#8217;s new:</strong> The Register Templates user interface has been completely overhauled and significantly improved. Managing all aspects of your record-keeping has become completely effortless. Here’s what Register Vault can do:</p>



<ul class="wp-block-list">
<li><strong>Vastly expanded template library:</strong> Create a register for almost every conceivable use case from a significantly expanded library of over 60 high-quality templates.</li>



<li><strong>Build your own bespoke registers:</strong> Construct your own bespoke registers from scratch, meeting your organisation&#8217;s unique and evolving requirements.</li>



<li><strong>Powerful Manager Dashboards:</strong> Use Manager Dashboards to dynamically reflect your custom statuses and enjoy a truly tailored view of your data, alongside at-a-glance insights into your registers’ performance.</li>



<li><strong>Bring simplicity and dynamism to approvals: </strong>Add tailored approval forms to pull data from a range of sources at each stage of the review process. Run automated reviews of data in a single platform to eliminate document version control issues associated with emailing spreadsheets to different departments.</li>



<li><strong>Flexible permissions and response forms:</strong> Set granular access levels for managers and other users, ensuring secure data visibility.</li>
</ul>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>How it benefits you:</strong> Register Vault gives you the framework needed to confidently meet complex obligations like Product Governance, Financial Promotions and Gifts and Hospitality.. The enhancements make it easier than ever to create new registers &#8211; whether they’re basic templates for non-confidential information and conflicts of interest, or something much more detailed for financial promotions and incidents.</p>



<p class="wp-block-paragraph">Furthermore, it generates detailed audit trails, which are non-negotiable for executing multi-level approvals and handling demanding operational-resilience incidents.</p>



<p class="wp-block-paragraph">This granular control over who can precisely view, edit and submit entries ensures high data integrity and transparency. By turning scattered data into a unified, actionable asset, compliance becomes straightforward.</p>



<p class="wp-block-paragraph">Through Register Vault’s centralisation of critical information, financial institutions like yours can boost efficiency and strengthen compliance. Find out how My Compliance Centre can support your record management goals today. Please contact Jenny Kenlin, Head of Customer Engagement, for more information:</p>



<p class="wp-block-paragraph">T: +44 (0)20 4583 2049</p>



<p class="wp-block-paragraph">E: jenny.kenlin@mycompliancecentre.com</p>
<p>The post <a href="https://mycompliancecentre.com/your-ultimate-record-repository-register-vault-is-now-more-powerful-than-ever/">Your ultimate record repository: Register Vault is now more powerful than ever</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
]]></content:encoded>
					
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">6285</post-id>	</item>
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		<title>Smarter Compliance Monitoring: the integrated way to truly control regulatory risk</title>
		<link>https://mycompliancecentre.com/smarter-compliance-monitoring-the-integrated-way-to-truly-control-regulatory-risk/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=smarter-compliance-monitoring-the-integrated-way-to-truly-control-regulatory-risk</link>
		
		<dc:creator><![CDATA[ChrisH]]></dc:creator>
		<pubDate>Tue, 22 Jul 2025 08:45:37 +0000</pubDate>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[Compliance Monitoring]]></category>
		<category><![CDATA[Compliance Operations]]></category>
		<category><![CDATA[risk-based monitoring]]></category>
		<guid isPermaLink="false">https://mycompliancecentre.com/?p=6284</guid>

					<description><![CDATA[<p>At the heart of an effective compliance framework lies a robust, fully integrated monitoring system. It’s the essential engine that ensures adherence to the rules and mitigates potential breaches. This is in stark contrast to traditional, manual monitoring processes, which are often inefficient and overwhelmingly rely on spreadsheets and fragmented emails. Our enhanced Compliance Monitoring [&#8230;]</p>
<p>The post <a href="https://mycompliancecentre.com/smarter-compliance-monitoring-the-integrated-way-to-truly-control-regulatory-risk/">Smarter Compliance Monitoring: the integrated way to truly control regulatory risk</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">At the heart of an effective compliance framework lies a robust, fully integrated monitoring system. It’s the essential engine that ensures adherence to the rules and mitigates potential breaches. This is in stark contrast to traditional, manual monitoring processes, which are often inefficient and overwhelmingly rely on spreadsheets and fragmented emails. Our enhanced Compliance Monitoring module empowers financial institutions to conquer these challenges and take control.</p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>What&#8217;s new:</strong> Following customer feedback and industry analysis, our Compliance Monitoring module has been significantly enhanced to deliver a new standard of insights and control. Here’s what it can do:</p>



<ul class="wp-block-list">
<li><strong>Risk-based programme deployment:</strong> Build and deploy a comprehensive risk-based compliance monitoring programme with ease &#8211; all tailored to your organisation’s unique profile.</li>



<li><strong>Intuitive interface:</strong> Seamlessly navigate our most intuitive interface ever, built with your user experience in mind. Take remedial actions quickly, assigning tasks as necessary across your organisation.</li>



<li><strong>Superior reporting capabilities:</strong> Spot overdue actions, pinpoint specific problem areas within your compliance framework and gain an accessible and clear overview of all your critical tasks and controls. Say goodbye to scattered data and hello to instant, actionable insights.</li>



<li><strong>Forward view of activities:</strong> Allow authorised users to quickly view projected activities for the months and years ahead with this brand new feature.</li>



<li><strong>Customisable dashboards:</strong> Create personalised dashboards with selected widgets and set your preferred dashboard as the default landing page. Look out for new widgets planned in future updates, and the ability to share dashboards with teams or groups for tailored, role-specific insights.</li>
</ul>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>How it benefits you:</strong> Updates to our Compliance Monitoring module represent a step-change in our capabilities, empowering your Head of Compliance to confidently manage current and future regulatory risk.</p>



<p class="wp-block-paragraph">Thanks to significant investment by My Compliance Centre, this module now has the ability to transform what can be a fragmented process into a streamlined, highly visible operation.</p>



<p class="wp-block-paragraph">Simultaneously, it provides Chief Risk Officers, Non-Executive Directors and even the Board with clear, real-time insights into your organisation’s precise level of risk.</p>



<p class="wp-block-paragraph">This enhanced transparency supports better decision-making at every level, contributing to a culture of accountability and proactive risk management that will safeguard your business.</p>



<p class="wp-block-paragraph">Discover how Smarter Compliance Monitoring can deliver the clarity and confidence your organisation deserves, ensuring your compliance efforts are not only effective but also demonstrably controlled and continuously improving. Please contact Jenny Kenlin, Head of Customer Engagement, for more information:</p>



<p class="wp-block-paragraph">T: +44 (0)20 4583 2049</p>



<p class="wp-block-paragraph">E: jenny.kenlin@mycompliancecentre.com</p>
<p>The post <a href="https://mycompliancecentre.com/smarter-compliance-monitoring-the-integrated-way-to-truly-control-regulatory-risk/">Smarter Compliance Monitoring: the integrated way to truly control regulatory risk</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
]]></content:encoded>
					
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">6284</post-id>	</item>
		<item>
		<title>Proactive Regulatory Change Management: your essential early warning system for compliance updates</title>
		<link>https://mycompliancecentre.com/proactive-regulatory-change-management-your-essential-early-warning-system-for-compliance-updates/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=proactive-regulatory-change-management-your-essential-early-warning-system-for-compliance-updates</link>
		
		<dc:creator><![CDATA[ChrisH]]></dc:creator>
		<pubDate>Tue, 22 Jul 2025 08:42:47 +0000</pubDate>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[Compliance Monitoring]]></category>
		<category><![CDATA[Compliance Operations]]></category>
		<category><![CDATA[Horizon Scanning]]></category>
		<category><![CDATA[Regulatory Change]]></category>
		<category><![CDATA[regulatory change management]]></category>
		<guid isPermaLink="false">https://mycompliancecentre.com/?p=6283</guid>

					<description><![CDATA[<p>Keeping pace with ever-shifting regulatory requirements is a significant challenge &#8211; and even the most diligent compliance teams can be caught out sometimes. Our re-launched Regulatory Change Management (RCM) module is designed to eliminate the risk of oversights. Thus it gives your organisation peace of mind and the ability to focus on growth-oriented activities such [&#8230;]</p>
<p>The post <a href="https://mycompliancecentre.com/proactive-regulatory-change-management-your-essential-early-warning-system-for-compliance-updates/">Proactive Regulatory Change Management: your essential early warning system for compliance updates</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Keeping pace with ever-shifting regulatory requirements is a significant challenge &#8211; and even the most diligent compliance teams can be caught out sometimes. Our re-launched Regulatory Change Management (RCM) module is designed to eliminate the risk of oversights. Thus it gives your organisation peace of mind and the ability to focus on growth-oriented activities such as user experience, marketing and, crucially, digital transformation.</p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph"><strong>What&#8217;s new: </strong>During the past 12 months we’ve invested heavily in RCM, adding new features and strengthening its capabilities to turbocharge our support for your compliance objectives. Here’s what RCM can now do:</p>



<ul class="wp-block-list">
<li><strong>Advanced horizon scanning:</strong> Never miss a regulatory update, with our early warning system. All relevant changes and new rules are flagged in a timely manner. The module’s ‘quick dismiss’ tool allows you to ignore updates that don’t affect your organisation.</li>



<li><strong>Change action planning: </strong>Take control of essential regulation change tasks, ensuring the right teams implement updates ahead of enforcement deadlines.</li>



<li><strong>Categorised information filtering: </strong>See clearly what areas of regulation (think DORA, Consumer Duty, Operational Resilience) are undergoing change via our smart filtering system<strong>.</strong> A new category dashboard card is now visible to non-admin users, making it easier to grow awareness of regulatory updates across your organisation.</li>
</ul>



<p class="wp-block-paragraph">Crucially, these advancements are all integrated, meaning you don’t have to switch between different platforms and systems to stay on top of your regulatory obligations.</p>



<p class="wp-block-paragraph">And it’s easy to get up and running. Simply:</p>



<ul class="wp-block-list">
<li>decide on a start date for feed data</li>



<li>set customised notifications for published regulations</li>



<li>add comments and tasks for relevant teams</li>



<li>report to committees and boards.</li>
</ul>



<p class="wp-block-paragraph">Additionally, to make your integration even more seamless, we’ve published a user-friendly FAQ section in the module.</p>



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<p class="wp-block-paragraph"><strong>How RCM benefits you:</strong> This module provides the tools to help you switch from a reactive position to a proactive one. With RCM, you can develop a decisive action plan for any upcoming changes, ensuring your organisation is fully prepared for shifts in the regulatory landscape.</p>



<p class="wp-block-paragraph">The module also allows you to demonstrate full, transparent control to vital stakeholders like the FCA or your head office, building confidence in your organisation both internally and externally.</p>



<p class="wp-block-paragraph">RCM is your must-have early warning system. It provides you with a responsive approach that will significantly reduce your compliance burden, giving your firm a strategic advantage. It allows firms to adapt early and allocate resources efficiently while building trust with regulators and clients. In short, it&#8217;s a vital part of running a resilient and future-ready business.</p>



<p class="wp-block-paragraph">Explore how this module can transform your regulatory change management processes today. Please contact Jenny Kenlin, Head of Customer Engagement, for more information:</p>



<p class="wp-block-paragraph">T: +44 (0)20 4583 2049</p>



<p class="wp-block-paragraph">E: jenny.kenlin@mycompliancecentre.com</p>
<p>The post <a href="https://mycompliancecentre.com/proactive-regulatory-change-management-your-essential-early-warning-system-for-compliance-updates/">Proactive Regulatory Change Management: your essential early warning system for compliance updates</a> appeared first on <a href="https://mycompliancecentre.com">My Compliance Centre</a>.</p>
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